Common use of Titles to Properties Clause in Contracts

Titles to Properties. Each Borrower and each Subsidiary thereof has such title to each such Property owned by it as is necessary or desirable to the conduct of its business and valid and legal title to all of its personal property and assets, including, but not limited to, those reflected on the balance sheets of the Borrowers and their Subsidiaries delivered pursuant to Section 6.1(o), except those which have been disposed of by the Borrowers or their Subsidiaries subsequent to such date which dispositions have been in the ordinary course of business or as otherwise expressly permitted hereunder.

Appears in 3 contracts

Samples: Credit Agreement (Cornerstone Realty Income Trust Inc), Credit Agreement (Cornerstone Realty Income Trust Inc), Credit Agreement (Cornerstone Realty Income Trust Inc)

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Titles to Properties. Each The Borrower and each Subsidiary thereof has such title to each such Property the real property owned or leased by it as is necessary or desirable to the conduct of its business and valid and legal title to all of its personal property and assets, including, but not limited to, those reflected on the balance sheets of the Borrowers and their Subsidiaries delivered pursuant to Section 6.1(oassets (other than Permitted Liens), except those which have been disposed of by the Borrowers or their Borrower and the Subsidiaries subsequent to such date which dispositions have been in the ordinary course of business or as otherwise expressly permitted hereunder.

Appears in 2 contracts

Samples: Credit Agreement (Allegiance Bancshares, Inc.), Credit Agreement (Allegiance Bancshares, Inc.)

Titles to Properties. Each The Borrower and each Subsidiary thereof has such title to each such Property the real property owned or leased by it as is necessary or desirable to the conduct of its business and valid and legal title to all of its personal property and assets, including, but not limited to, those reflected on the balance sheets of the Borrowers and their Subsidiaries delivered pursuant to Section 6.1(o), except those which have been disposed of by the Borrowers or their Borrower and the Subsidiaries subsequent to such date which dispositions have been in the ordinary course of business or as otherwise expressly permitted hereunder.

Appears in 2 contracts

Samples: Credit Agreement (Bok Financial Corp Et Al), Credit Agreement (Bok Financial Corp Et Al)

Titles to Properties. Each Borrower and each Subsidiary thereof has such title to each such Property the real property owned by it as is necessary or desirable to the conduct of its business and valid and legal title to all of its personal property and assets, including, but not limited to, those reflected on the balance sheets of the Borrowers and their Subsidiaries delivered pursuant to Section 6.1(o7.1(n), except those which have been disposed of by the Borrowers any Borrower or their Subsidiaries any Subsidiary thereof subsequent to such date which dispositions have been in the ordinary course of business or as otherwise expressly permitted hereunder.

Appears in 1 contract

Samples: Credit Agreement (Duratek Inc)

Titles to Properties. Each Borrower of BREED and each Subsidiary thereof its Subsidiaries has such title to each such Property the real property owned or leased by it as is necessary or desirable to the conduct of its business and valid and legal title to all of its personal property and assets, including, but not limited to, those reflected on the balance sheets of the Borrowers BREED and their its Subsidiaries delivered pursuant to Section 6.1(o5.1(o), except those which have been disposed of by the Borrowers BREED or their its Subsidiaries subsequent to such date which dispositions have been in the ordinary course of business or as otherwise expressly permitted hereunder.

Appears in 1 contract

Samples: Credit Agreement (Breed Technologies Inc)

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Titles to Properties. Each Borrower and each Subsidiary thereof has such title to each such Property the real property owned by it as is necessary or desirable to the conduct of its business and valid and legal title to all of its personal property and assets, including, but not limited to, those reflected on the balance sheets of the Borrowers and their Subsidiaries delivered pursuant to Section 6.1(o), except those which have been disposed of by the Borrowers any Borrower or their Subsidiaries any Subsidiary thereof subsequent to such date which dispositions have been in the ordinary course of business or as otherwise expressly permitted hereunder.

Appears in 1 contract

Samples: Credit Agreement (Ct Communications Inc /Nc)

Titles to Properties. Each Borrower and each Subsidiary thereof has such title to each such Property the real property owned by it as is necessary or desirable to the conduct of its business and valid and legal title to all of its personal property and assets, including, but not limited to, those reflected on the balance sheets of the Borrowers and their Subsidiaries delivered pursuant to Section 6.1(o7.1(o), except those which have been disposed of by the Borrowers any Borrower or their Subsidiaries any Subsidiary thereof subsequent to such date which dispositions have been in the ordinary course of business or as otherwise expressly permitted hereunder.

Appears in 1 contract

Samples: Credit Agreement (GTS Duratek Inc)

Titles to Properties. Each Borrower and each Subsidiary thereof has -------------------- such title to each such Property the real property owned by it as is necessary or desirable to the conduct of its business and valid and legal title to all of its personal property and assets, including, but not limited to, those reflected on the balance sheets of the Borrowers and their Subsidiaries delivered pursuant to Section 6.1(o7.1(n), except those which have been disposed of by the Borrowers any Borrower or their Subsidiaries any Subsidiary thereof subsequent to such date which dispositions have been in the ordinary course of business or as otherwise expressly permitted hereunder.

Appears in 1 contract

Samples: Credit Agreement (GTS Duratek Inc)

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